The production volumes of computer programming and consultancy in Mexico have shown significant fluctuations over the past decade. From a modest increase of 10.8% in 2014, the industry saw a notable boost by 14.87% in 2016. Despite a decrease in 2020 due to likely external factors, the market recovered quickly with a 23.57% increase in 2021. By 2023, the value stood at 46.9 Billion Mexican Pesos, reflecting steady progress with a CAGR of 2.61% over the last five years. Forecasts suggest a continued stable growth trajectory at an average CAGR of 1.78% through 2028.
Future trends to watch for:
- Adoption of emerging technologies such as AI and blockchain.
- Increased demand for cybersecurity services.
- Potential shifts due to global economic conditions and policy changes.
